Senior manager says running a resources fund at RBC on top of a larger-company resource portfolio gives him a competitive edge
We are cautious on energy and materials for the next three to six months because we expect a global recession. The Russia-Ukraine war has put a strain on industrial activity in Europe. Central banks are raising interest rates to slow inflation. And China’s COVID-19 lockdowns don’t help resource demand. Longer term, once the U.S. dollar has peaked and interest rates start to fall, the set-up for energy and materials is very bullish.
companies have great balance sheets with little or no debt. We own West Fraser Timber Co., Canfor and Interfor in this space.Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
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